First green bond index offers definition of market
Solactive, the German index provider, has launched the first index of green bonds — the fast-growing category of bonds with proceeds earmarked for specifically enviromental uses. The initiative was welcomed by some market participants as a move that could raise the profile of green investment and help fund managers. But it is also the first formal delineation of the green bond market — an issue that could prove controversial, writes Jon Hay.
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